David Beckham has presented his lavish Dubai mansion to his mother and father-in-law as a gift.

The L.A. Galaxy star bought the property for just $1.6 million in 2002 - but the waterfront villa, set on a palm-shaped artificial island, is now reportedly worth an estimated $16 million.

Although the 33-year-old will retain ownership of the home, he has handed the keys over to Tony and Jackie Adams, the parents of his wife Victoria, and instructed them to redecorate as they wish.

A source close to the Beckham family tells British newspaper the News Of The World, "David realised he was not going to be able to spend any time in Dubai.

"He's got his commitments in Los Angeles and it's a long trip, especially when he still has to spend a lot of time in London. So he discussed it with Victoria and decided that the Dubai place would be a really special present for her parents.

"They've done so much for the family already and are involved in all of David and Victoria's ventures anyway. He trusts them completely and knows the property will be in very safe hands.

"He still retains legal ownership, but on a day-to-day basis it's to become their place. He's a practical guy and thinks there's no reason to have an amazing house sitting empty."